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27 Feb 2020

SORP requirements for Charities

Target Audience

Board Members, CEOs and Finance Managers of Charities.


SORP requirements for Charities and the responsibilities of the Board of Directors under the Charities Act

The main areas covered will be:

  • What are the responsibilities of the Board of Directors  under the Charities Act
  • What are SORP’s (Statements of Recommend Practice)
  • What is the purpose of SORP
  • Why are they necessary in charity financial reporting
  • What are the requirements of SORPS for Charities
  • What is the connection between the Charities Act 2009 and SORP
  • What are the key requirements of SORP FRS102 (latest SORP)
  • How to lay out Financial Annual Accounts in SORP Format
  • What is a Statement of Financial Activities (SOFA) and how to construct it
  •  The rules on Income recognition under SORP
  • The rules of allocation Overheads by Charity Activity
  • What is happening in the Regulators office for implementing a SORP in Ireland
  • Latest information on the consultation process
  • What is an Activity Report which is required from all charities regardless of size.


Evelyn Fitzpatrick

Evelyn Fitzpatrick is an Accountant, holds a post graduate Diploma in Economics and a Masters in Management from DCU. In 2009 she set up her own Consultancy as a Financial Advisor and Trainer to the Charity sector. She was a member of a consultative group who made recommendations to Government on the implementation of the Charity legislation.

She was Director of Finance & Corporate Affairs of Focus Ireland Ltd for 8 years. During that time their Annual Report won the Chartered Accountants Published Accounts Award five times, which recognises excellence in Governance and financial reporting. Prior to that she was Country Finance Director and Company Secretary of Marks & Spencer Ireland for 10 years. She serves on the Finance and Governance Board committees of Mary Robinson Foundation for Climate Justice, Acquired Brain Injury Ltd, NABCO Cooperative Housing and North & East Housing Ltd. She is a past council member of Institute of Certified Public Accountants and Chair of their CPD Committee. She sits on the Audit Finance and Risk Board Committee of Pobal and the Professional Advisor Steering Group of The Community Foundation for Ireland.


By the end of the course you will be able to:

  • Understand the role and responsibilities of the Board of a Charity
  • Identify the purpose and key requirements of SORP
  • Understand how to lay out Annual Financial Accounts in the latest SORP format
  • Know how to prepare an Annual Activity Report
  • Construct a Statement of Financial Activities (SOFA)
  • Know how to allocate Charity Overheads by Activity
  • Know what disclosure of staff costs and employee benefits are required
  • Know how to prepare Financial Accounts analysed by the Activities of the Charity
  • Understand Audit and Annual reporting requirement to the Charity Regulator
  • Know how to keep up to date with developments in the Charities Regulatory Office


€70Nonprofit Organisation
€60Carmichael Resident Organisation
€80Statutory/Corporate Organisation


Information extremely important and relevant – a must know for charities, extensively covered.
Good overview and scene setting. Good introduction and explanation.
Good balance between basics and detail for both non finance and finance personnel.
Good overview and scene setting. Good introduction and explanation.
Evelyn was incredibly knowledgeable.

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